Key facts
- Trump Media transferred 2,628 bitcoin, valued at approximately $165 million, to Crypto.com.
- The company's remaining bitcoin holdings are now 4,261 BTC.
- These remaining holdings closely match the amount pledged as collateral for its convertible notes.
- Trump Media initially purchased 11,542 bitcoin for about $1.37 billion.
- Onchain analytics estimate realized losses of about $318 million and unrealized losses of $237 million on sold and remaining bitcoin.
Trump Media & Technology Group has transferred 2,628 bitcoin, valued at approximately $165 million, to Crypto.com, according to data from Arkham. This latest move leaves the company with roughly 4,261 bitcoin in tagged wallets, a figure that closely aligns with the amount pledged as collateral for its convertible notes. The company initially purchased 11,542 bitcoin for about $1.37 billion. Onchain analytics firms estimate that the company has incurred approximately $318 million in realized losses and an additional $237 million in unrealized losses on its bitcoin holdings since the initial purchase. Trump Media reported a significant net loss in the first quarter, with a substantial portion attributed to markdowns on digital assets and equity holdings.